$260 million for Canterbury University

November 1st, 2013 at 12:00 pm by David Farrar

Stuff reports:

The University of Canterbury has received the $260 million government cash injection it desperately needs to get back on its feet.

Prime Minister John Key, along with Tertiary Education Minister Steven Joyce and National Christchurch East candidate Matthew Doocey, made the announcement at the Christchurch campus this afternoon.

The Government’s contribution will fund a new science centre and expand and upgrade engineering facilities, Joyce said. 

“While generally the Government expects tertiary education institutions to fund their own capital investment from their balance sheets, Canterbury institutions are dealing with a unique set of challenges. The blunt reality is that would find it very difficult to recover without this support.”

The university has a redevelopment plan to modernise its campus and infrastructure. The total programme is valued at $1.1 billion over 10 years.

About 25 per cent will be insurer-funded, about half funded by the university and the rest from the government support announced today.

It will be interesting to see what the final bill for the comes to. Very pleased that the Government is managing to play its part in the rebuild, and remain on a course to surplus. I recall the Greens demanding an increase in tax rates to fund the rebuild.

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9 Responses to “$260 million for Canterbury University”

  1. Graeme Edgeler (3,289 comments) says:

    Someone call the Taxpayers Union!

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  2. Harriet (4,975 comments) says:

    “….The Government’s contribution will fund a new science centre and expand and upgrade engineering facilities, Joyce said….”

    If Joyce is telling the whole truth then I’ll give Key credit where it’s due – he’s not funding anything at all that ends in ‘studies’.

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  3. bringbackdemocracy (427 comments) says:

    In what City is the bi-election?

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  4. Kea (12,841 comments) says:

    The Government’s contribution will fund a new science centre and expand and upgrade engineering facilities, Joyce said.

    Money well spent.

    Unlike the $750,000.00 for the study of imaginary beings and the mental illness of those who believe in such things.

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  5. Harriet (4,975 comments) says:

    ‘…Unlike the $750,000.00 for the study of imaginary beings and the mental illness of those who believe in such things…”

    Kea, as I understand it, the report on religion is more or less about the ‘effect’ it has New Zealanders. Some of the people who are ‘effected’ by religion are those who are in hospices with cancer ect. However, not all of those dying patients are religious, but the ‘effect’ that ‘religion’ has on them is still valid. It is one of care by religious people.

    But having said that, the report will be ‘framed’ and will only really include what the government really wants from it. It’ll most probably be a waste of time based on ‘interviews’ of 642 people who ‘believe’ in ‘a God’ or ‘some other thing’ and/or go to a ‘place of worship’.

    Unlike Catholic Priests, Buddist Monks beat each other to death with sticks and self immoliate thenselves by becoming human fireballs.

    Apparently that is a religion which is peaceful and calming – and well supported by celebrities! :cool:

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  6. metcalph (1,430 comments) says:

    Bringbackdemocracy,

    The by-election is on the other side of town and the welfare of the university is hardly even a minor concern in the minds of the voters of Christchurch East.

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  7. mavxp (483 comments) says:

    This finance injection is well needed for UC to survive without resorting to drastically lowering quality, which has a downward spiral on university rankings, attracting foreign full fee paying students which are now a major source of income for universities, and maintaining quality staff with high morale and enthusiasm to both teach effectively and do high quality research.

    They have already dropped entry requirements into engineering courses in order to increase student numbers and hence fee-paying students to fill the hole left by students who now don’t consider Christchurch an option for tertiary study in the Arts, Commerce, Law etc. This is unfortunately a case of flogging your best asset until it risks losing that status. If more of the lazy and not-so-bright end of the spectrum get into courses that require hard work and a high level of technical competence, it spells lower quality outcomes down the road. Once they are in.. there is pressure on an overworked staff to pass them through and cash the cheques. They will be creating the future designers of the next CTV Building if they are not careful to maintain their high standards. This cash injection is therefore sorely needed.

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  8. OneTrack (3,114 comments) says:

    I recall the Greens demanding an increase in tax rates.

    There. FIFY.

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  9. Johnboy (16,651 comments) says:

    I hope some of the money will go towards a new Faculty of Plumbing, Chippying and Sparkying. Skills we desperately need! :)

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